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Ritchie Bros. Used Equipment Market Trends Summary

Original source: Ritchie Bros.

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Ritchie Bros. uses a machine learning-based method to calculate a used price index:


To isolate and measure the change in supply / demand dynamics on prices over time, we use various machine learning techniques to correct for equipment mix such as make, model, age, as well as well as 100+ other features.


Summary


As of this month, price levels across most categories in the US and Canada are at, or slightly above, 2019 trailing three-month levels. Canadian lifting/material handling and vocational trucks are showing ~1% inflation vs 2019, US lifting/material handling shows 2% deflation vs 2019, and the rest are steady. The overall improvement is due to both improving prices in 2020 and deflating prices this time last year.


This month’s report provides additional insights into the Canadian winch truck market, based on data available from Ritchie Bros. Market Trends (page 4).


About this Research


This research includes summary information taken from the RB Market Trends report. RB Market Trends is a premium data product that allows users like you to access over 10 years of Ritchie Bros. transaction level data providing:


? Real time insights - See results from our most recent auctions


? Equipment flows - Draw insights into asset flows across state and national boundaries


? Make-model details - Determine residual pricing of assets at make-model level of detail for auction ? Like-for-like comparisons - Compare residual value for like-for-like assets


Subscribe to RB Market Trends and access this data and more in-depth detail by country, date range, asset category, brand, model, as well as median asset age, usage and other key data points.


 


... GO TO Ritchie Bros. Used Equipment Market Trends Summary TO READ MORE

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